San Miguel Brewery Inc. continues to enjoy a triple-A rating, for its P9.54 billion outstanding bonds, from Philippine Rating Services Corporation (PhilRatings). PhilRatings said it has maintained its highest issue credit rating of PRS Aaa, with a Stable Outlook, for SMB’s bonds with the...
San Miguel Corporation (SMC) is ramping up its sustainability efforts across different parts of the country and through its various subsidiaries. 13006 For one, SMC's Petron Corporation is now all set to implement its rehabilitation and coastal development plan for the Sarangani Bay Protected...
The local stock market was flat amid some profit-taking and portfolio rebalancing. PH STOCKS The main index shed 3.38 points or 0.05 percent to close at 6,973.35 with only the Financials and Property sectors managing to advance as the Mining and Oil counter led the decline. Volume rose to 5.22...
Giant conglomerate San Miguel Corporation (SMC) has launched its first vaccination site at the La Salle Green Hills (LSGH) in Mandaluyong to kick off the P1-billion COVID-19 vaccine rollout for its 70,000 employees, extended workforce and their families. “We thank the De La Salle Brothers for...
Megaworld Corporation, the country’s largest developer and lessor of office spaces, is jumping on the REIT (real estate investment trust) bandwagon with the planned P27.3 billion initial public offering of subsidiary MREIT Inc. 12895 In a disclosure to the Philippine Stock Exchange, Megaworld...
Local share prices rose Tuesday, (June 15) further after government eased quarantine restrictions in the national capital region. The main index moved up by 59.24 points or 0.86 percent to close at 6,976.73 with only the Financials sector dipping on profit-taking. Volume was also higher at 5.13...
San Miguel Corporation continues to pursue its sustainability efforts nationwide through its various subsidiaries including Petron Corporation’s rehabilitation and coastal development plan for the Sarangani Bay Protected Seascape. In a statement, SMC said Petron’s proposed biodiversity...
The Securities and Exchange Commission (SEC) has approved the planned public offerings of P51.81 billion worth of securities by San Miguel Corporation (SMC) and Cirtek Holdings Philippines Corporation. In its meeting on June 15, the Commission En Banc resolved to render effective the registration...
Cirtek Holdings Philippines Corporation is planning to raise up to P3.5 billion from the issuance of non-voting and non-convertible Peso-denominated perpetual preferred shares. In a disclosure to the Philippine Stock Exchange, the firm said the planned issuance has been approved by its Board of...
The local stock market started the week almost flat as investors wait to see if the government will further ease quarantine restrictions in the nation’s capital. The main index inched up 9.70 points or 0.14 percent to close at 6,917.49 although sectoral indices were evenly mixed with banks...
This week, local stock market will be waiting for the announcement on whether quarantine measures will be eased further, especially in the nation’s capital, while also observing if the government can speed up its vaccination program. “Investors are expected to watch out for the government’s...
Garcia-led Vivant Energy Corporation and its subsidiary company Gigawatt Power Inc. have inked a 15-year power supply agreement (PSA) to supply the long-term electricity needs of Pampanga II Electric Cooperative (PELCO II). The supply pact was forged between PELCO II and La Pampanga Energy...
